Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Wall St waits for Main Street vote

Monday, 05 Nov, 2012 - 01:48

Nov. 5 - Summary of business headlines: Stocks creep higher day ahead of U.S. vote; Apple's latest iPad debut beats analysts forecasts; Stifel and KBW join forces in Wall Street deal. Conway G. Gittens reports.

▲ Hide Transcript

View Transcript

Investors marked time as Wall Street awaits the outcome of the U.S. presidential election to be held Tuesday. The Dow crept high as did the broader market, following the sell-off the day before. Apple was a bright spot. The company says it sold 3 million iPads in the first weekend of sales, that includes the new mini and the updated traditional size. That figure is double the last iPad debut back in March. Noticeably, Apple did not break out the numbers for the iPad mini, which is aimed at going head-to-head with popular tablets like the Amazon Kindle Fire. All the numbers are being scrutinized for early signs for what is expected to be a competitive gift-giving season. Sticking with technology, a lawsuit by Apple, claiming Motorola's patent licensing practices were unfair was thrown out by a federal judge, according to Motorola's parent company Google. Apple could not be immediately reached for comment. Let's look at the two stocks: Apple was up over a full a percent, while Google was down less than a full percent. Deal making on Wall Street. Stifel Financial is buying KBW in a $575 million cash and stock deal. Shares of Stifel gained 2 percent, KBW was up 7 percent. On to the economy now, growth in the U.S. services sector cooled a tad in October but an employment measure hit a seven-month high. And there's relief at the pump. Well some relief at the pump. Gasoline prices saw their biggest drop in almost four years over the last two weeks, according to the closely-watched Lundberg Survey. Now if only the gas stations on the east coast could get some power and some gas - there will be more relief for the region battered by Super Storm Sandy. In Europe, worries about Greece are impacting investor psychology again sending market's lower across the board.

Wall St waits for Main Street vote

Monday, 05 Nov, 2012 - 01:48

Editors' Picks »

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, 16 Jul, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, 25 Jun, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, 02 Jun, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, 27 May, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, 08 May, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, 05 May, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, 08 Apr, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, 24 Mar, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, 17 Mar, 2014 - (7:38)

Oddly Enough »

Baby gorilla finds her feet Baby gorilla finds her feet

Tue, 02 Sep, 2014 - (0:49)

Elephants 'lovin' polo tournament Elephants 'lovin' polo tournament

Thu, 28 Aug, 2014 - (1:31)

Triplet pandas celebrate a milestone Triplet pandas celebrate a milestone

Thu, 28 Aug, 2014 - (0:48)

Group shatters record for longest flower garland by a mile Group shatters record for longest flower...

Wed, 27 Aug, 2014 - (1:30)

Masked hero sweeps clean Masked hero sweeps clean

Tue, 26 Aug, 2014 - (1:10)

Right muddy mess at World Bog Snorkeling Championships Right muddy mess at World Bog Snorkeling...

Tue, 26 Aug, 2014 - (1:11)

Hello Kitty conquers space Hello Kitty conquers space

Mon, 25 Aug, 2014 - (1:11)

Japanese zoo welcomes red panda cub Japanese zoo welcomes red panda cub

Mon, 25 Aug, 2014 - (0:42)

Is it a plane? No, it's a hoverbike Is it a plane? No, it's a hoverbike

Fri, 22 Aug, 2014 - (2:40)

Fox kicks off "Simpsons" mega marathon Fox kicks off "Simpsons" mega marathon

Thu, 21 Aug, 2014 - (0:56)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)

Moving Pictures »

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, 03 Jul, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, 20 Jun, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, 06 Jun, 2014 - (1:08)